UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 68,761 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,213,355 shares of the company's stock after selling 68,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.64% of Broadstone Net Lease worth $19,244,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Broadstone Net Lease by 131.1% in the third quarter. Barclays PLC now owns 318,142 shares of the company's stock valued at $6,028,000 after acquiring an additional 180,456 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in shares of Broadstone Net Lease during the fourth quarter worth about $4,669,000. Blue Trust Inc. raised its stake in Broadstone Net Lease by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock valued at $77,000 after purchasing an additional 925 shares during the period. KBC Group NV lifted its holdings in Broadstone Net Lease by 27.0% in the 4th quarter. KBC Group NV now owns 7,901 shares of the company's stock worth $125,000 after purchasing an additional 1,681 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its stake in Broadstone Net Lease by 2.0% in the 4th quarter. Evermay Wealth Management LLC now owns 50,155 shares of the company's stock worth $798,000 after purchasing an additional 969 shares during the period. Institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Price Performance

Shares of NYSE BNL traded up $0.13 during midday trading on Monday, reaching $16.04. 5,343,192 shares of the stock traded hands, compared to its average volume of 1,257,112. The company's 50 day moving average is $15.95 and its 200 day moving average is $16.22. Broadstone Net Lease, Inc. has a one year low of $13.96 and a one year high of $19.15. The stock has a market capitalization of $3.03 billion, a PE ratio of 18.44 and a beta of 1.04.

Broadstone Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date is Monday, June 30th. Broadstone Net Lease's payout ratio is 190.16%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BNL shares. BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the company an "outperform" rating in a report on Monday, March 24th. Truist Financial raised their target price on shares of Broadstone Net Lease from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, May 5th. JMP Securities reiterated a "market outperform" rating and issued a $21.00 price target on shares of Broadstone Net Lease in a report on Monday. Finally, UBS Group dropped their price objective on shares of Broadstone Net Lease from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.67.

Broadstone Net Lease Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation's operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation's properties.